MFF 2018

ALROSA and the Assay Chamber agreed on testing the device for identification of diamonds authenticity.

On September 7, 2018, as part of the Moscow financial forum, ALROSA and the Ministry of Finance of the Russian Federation agreed to transfer ALROSA Diamond Inspector, the first domestic device that allows verifying the authenticity of diamonds, to the Assay Chamber for testing.

Alexey Moiseev, the Deputy Minister of Finance and Sergey Barsukov, the Deputy CEO of ALROSA, personally demonstrated the work of the device at the ALROSA stand.

ALROSA Diamond Inspector portable device is able to identify natural and artificially grown precious stones, as well as to identify treated stones and imitations. The device allows analyzing both individual diamonds and stones set in jewelry. The cost of ALROSA Diamond Inspector is less than US $8,000. For comparison, the cost of similar foreign detectors of the same class can reach US $20,000.

"Today, we are transferring the device for testing to the Assay Chamber , which will evaluate the capabilities of the device in laboratory gemological studies.. The company is also discussing the acquisition of the device with Gokhran and the Ministry of Finance of the Republic of Belarus," Sergey Barsukov, Deputy CEO of ALROSA, said.

According to Sergey Barsukov, the number of potential consumers of such devices exceeds 350 thousand worldwide. At the same time, with the growth of the synthetic diamonds market, the demand for such devices will also grow. According to the Ministry of Finance of the Russian Federation, the number of counterfeit products on the jewelry market is growing and the sale of synthetic diamonds under the guise of natural stones has become more frequent.

In the summer of 2018, the Ministry of Finance initiated the launch of an experiment aimed at strengthening control over the circulation of precious metals and precious stones. ALROSA takes an active part at this experiment, and the device "ALROSA Diamond Inspector" should become an integral part of it.

"In our opinion, the availability of such devices and the creation of a jewelry marking system will ensure the transparency of all processes from production to sale, protecting buyers from possible falsification of diamond data by dishonest market players," Alexey Moiseev, Deputy Minister of Finance, said.